can someone please help me solve this. Im not sure how to solve for statistical
ID: 2777279 • Letter: C
Question
can someone please help me solve this. Im not sure how to solve for statistical discrepencies or if my answer to capital accounts is right
Examine the following summary of the U.S. balance of payments for 2000 (in $ billion) and fill in the blankentries Debits 1,418.64 774.86 2 (1 .2) Services 352.90 - 1,809.18 7 (2.3) Factor income (3) Unilateral transfer Balance on current account [5) Portfolio investment (5.1) Equity securities Balance on capial account (7) Statistical discrepancies Overall balance 0Explanation / Answer
Notes: (1) We have been given Total Imports of 1809.18. it includes the Imports from Merchandise, Services and factor income so if we deduct from Total Import Services and Factor Income import we will get the Import of Merchandise which is (1809.18-217.07-367.68) 1224.43.
(2) Balance on Current Account is the Total of credits (exports plus Unilateral transfer) minus total of debits(imports plus Unilateral transfer which is (1873.57-1428.88) 444.69.
(3) Balance on Capital account is Total of credit Balance of Direct Investment, Portfolio Investments and Other investment minus Total of debit balance of Direct Investment, portfolio investments and other investments which is (1024.91-580.65) 444.26
(3) Overalll Balance is the difference between Balance in current Account and balance in Capital account which comes to 0.43 but the balance given is 0.30 so the difference 0.13 is the statastical discrepancies.
Particulars Credit Debit Current Account (1) Exports 1418.64 1.1 Merchadise 774.86 1.2 Services 290.88 1.3 Factor Income 352.90 (2) Imports -1809.18 2.1 Merchandise -1224.43 2.2 Services -217.07 2.3 Factor Income -367.68 (3)Unilateral Transfer 10.24 -64.39 Balance on Current Account -444.69 Capital Account (4) Direct Investment 287.68 -152.44 (5) Portfolio Investment 474.59 -124.94 (5.1) Equity Securities 193.85 -99.74 (5.2) Debt Securities 280.74 -25.20 Other Investment 262.64 -303.27 (6)Balance on capital account 444.26 (7)Statstical Discrepancies 0.13 Overall Balance 0.30 Official Reserve Account -0.30Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.